DIGITAL RLTY TR/SH (NYSE:DLR) has been assigned an average recommendation of “Hold” from the sixteen research firms that are covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $127.36.
Several analysts have recently issued reports on the company. Morgan Stanley cut DIGITAL RLTY TR/SH from an “overweight” rating to an “equal” rating and upped their price objective for the stock from $118.00 to $122.00 in a report on Thursday. Royal Bank of Canada set a $130.00 price objective on DIGITAL RLTY TR/SH and gave the stock a “buy” rating in a report on Friday, August 9th. Argus assumed coverage on DIGITAL RLTY TR/SH in a report on Wednesday, July 3rd. They set a “buy” rating and a $140.00 price objective on the stock. Guggenheim cut DIGITAL RLTY TR/SH from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $127.00 to $132.00 in a report on Wednesday, September 11th. Finally, Cowen set a $125.00 price objective on DIGITAL RLTY TR/SH and gave the stock a “hold” rating in a report on Wednesday, July 31st.
NYSE DLR traded down $1.12 during trading hours on Thursday, reaching $124.18. The company’s stock had a trading volume of 12,237 shares, compared to its average volume of 1,087,926. The firm’s 50-day moving average price is $122.26 and its 200-day moving average price is $119.36. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.16. DIGITAL RLTY TR/SH has a 1 year low of $100.05 and a 1 year high of $129.57. The company has a market capitalization of $26.33 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 2.75 and a beta of 0.41.
DIGITAL RLTY TR/SH (NYSE:DLR) last issued its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.63 by ($1.48). The firm had revenue of $801.00 million for the quarter, compared to analysts’ expectations of $807.48 million. DIGITAL RLTY TR/SH had a return on equity of 3.01% and a net margin of 10.00%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the company earned $1.66 earnings per share. Equities research analysts anticipate that DIGITAL RLTY TR/SH will post 6.64 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Thursday, September 12th. DIGITAL RLTY TR/SH’s dividend payout ratio is currently 65.45%.
In other news, Director Kevin Kennedy sold 300 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $125.00, for a total transaction of $37,500.00. Following the transaction, the director now owns 300 shares of the company’s stock, valued at approximately $37,500. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Krane Funds Advisors LLC bought a new position in shares of DIGITAL RLTY TR/SH during the 2nd quarter valued at approximately $25,000. Manchester Financial Inc. bought a new position in shares of DIGITAL RLTY TR/SH during the 2nd quarter valued at approximately $46,000. Capital Investment Advisory Services LLC grew its position in DIGITAL RLTY TR/SH by 256.4% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 392 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 282 shares during the last quarter. Princeton Global Asset Management LLC bought a new position in DIGITAL RLTY TR/SH in the 1st quarter valued at $51,000. Finally, Bremer Bank National Association bought a new position in DIGITAL RLTY TR/SH in the 1st quarter valued at $56,000.
DIGITAL RLTY TR/SH Company Profile
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.
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